Restricted stock units (RSUs) are distributed based on a vesting plan and tied to company performance. The vesting schedule gives an incentive to employees to stay with the company to redeem their shares. Her vesting schedule is as follows:

These restricted stock units are scheduled to vest 26% on June 1, 2014; 32% on April 1, 2015; 21% on July 18, 2015; 15% on June 14, 2016; 3% on June 14, 2017; and 3% on June 14, 2018.

The new retail chief has been busy on her first week on the job, as 9to5Mac reports she will lead a new iPhone upgrade program at U.S. Apple retail stores to boost sales:

Apple is planning to hold an “enormous” iPhone-related event in its stores this week in order to boost sales, according to a source with knowledge of the initiative. Beginning May 8th, the source said, Apple will be contacting upgrade-eligible iPhone users with older iPhone models via email to come into their local Apple Store to update to a new iPhone 5s or iPhone 5c.

This program blends nicely with Apple’s Apple Store-based iPhone hardware trade-in program, which allows customers to turn-in older iPhone models to purchase a new model at a discounted price. Apple, in recent weeks, has increased the buyback prices for iPhones in its trade-in-program, according to a source.